§ The Parliamentary Under-Secretary of State for Transport (Mr. Tony McNulty)The Secretary of State for Transport has today re-determinded the GLA transport grant at £1,681,932,000 for 2003–04 following consultation with the Mayor of London, as required under section 101 of the GLA Act 1999. This represents a net reduction of £2,408,000, following lower than envisaged ring fenced expenditure by Transport for London on bus innovation projects.